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Ex-Im Bank Backs U.S. Medical Equipment Exports to Turkish Oncology Hospital

Companies in Calif., Colo., Ind., N.J., Ohio, Wisc. Participate

FOR IMMEDIATE RELEASE May 24, 2005

Media Contact Name/Phone: 

Marianna Ohe (202) 565-3200

WASHINGTON, D.C. - A $13.7 million Export-Import Bank of the United States (Ex-Im Bank) loan guarantee is enabling exporter Marubeni America Corp., San Francisco, Calif., to sell oncology medical equipment supplied by GE Healthcare, Waukesha, Wisc., and other U.S. suppliers to a leading Turkish hospital.

This transaction supports high-quality U.S. jobs in at least six U.S. states while supporting vital medical infrastructure development in the important Turkish market, said Ex-Im Bank Chairman Philip Merrill.

U.S. suppliers on the export sale include: Aras USA Inc., Lyndhurst, N.J.; Varian Medical Systems, Inc., Palo Alto, Calif.; Hill-Rom Co., Inc., Batesville, Ind.; Beckman Coulter, Inc., Fullerton, Calif.; Fischer Imaging Corp., Denver, Colo.; and Steris Corp., Mentor, Ohio .

Hacettepe Universitesi, a leading Turkish hospital located in Ankara, will use the linear accelerator, computerized tomography scanners, magnetic resonance imaging and other equipment to upgrade and expand its oncology facilities.

Ex-Im Bank's financing for this $16 million export led by Marubeni USA represents a major win for GE Healthcare in Waukesha, Wisconsin, as well as other USA companies, said Jim Torres, General Manager, Global Funding Operation, GE Healthcare. The Bank's support for Hacettepe University with its prestigious medical facilities provides the basis for future export sales of medical diagnostic imaging and information technology equipment to the government of Turkey.

We believe the state-of-the-art equipment supplied by U.S. companies for the first national oncology center in Turkey could contribute to improvement of the health sector for all people in Turkey, said Junichiro Minami, General Manager, Medical Business Dept., Marubeni Europe.

The transaction carries the full faith and credit of the Turkish government. The guaranteed lender on the export sale is Citigroup, New York, N.Y. The transaction is a dual currency guarantee, with $7.4 million of the financing in U.S. dollars and 4.9 million in Euros ($6.3 million U.S. dollars).

Ex-Im Bank, the official export credit agency of the United States, is in its 71st year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance and direct loans. In fiscal year 2004, Ex-Im Bank authorized financing to support $17.8 billion of U.S. exports worldwide. For more information, visit www.exim.gov.

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